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4• That rn order to potect more fully tM tactlrity of CMS mortgage. tM Mortpage. togltMr wuh. and rn add+aon to. tM monthly payments under the arms of tM
note secured Mreby. On tM spltrftld piymint dill Of math month until tM aid rate is fully paid. wtu ply to tM AsSOCNbon tM fotlowtng wms
W An tnilNlmMt Of tM taiq and •iNSiminb IiveeO p to ill Nvred agatnft tM pemrses COVered by this metgige. and in tnibllmMt Ot 1M pemtum
a pemrums that wep become dw end plyibN to rtmlw tM rnwrlncl on tM pem+sls covered Mreby iga+nst bas by rtrl. and w+ndstum. as povdad
for by pagpriph 3 prlddtrtg. a wtA otla? hatat0 as na1! rNt!Onibly be rlpuued by tM AssocNtan. and in muallmem of tM pemrum chit will
becene dtle and paYabN to rpaytr tM rnortgigi utiyrancl. r1 ttrrY. Such rnitNMnMts sMp W equal. respect+vely, to aw-twelfth (1112th) of IM es•
umated plmtveye a prMwlms for such rMUNretl. and uses aril lsslsstnlnb Mat dw lis esatnited by tM Assocubonl less ill rnsbumenis ihesdy
pad tMre/e. drvsded by tM numbs of month that an to Naps) orw month ptor to tM dab wMn such pemrum or pemwms aril b:es and
assessments wip Olcort» dlhrtpuNtt. TM AHSOpiteon. wMN applyrnp such payments to msurinte psm+ums. uses end assessments. beta) tM same
become dekrlgtllnt. ship not pay mtMlst to tM Mortgagor on suM fur+ds. and all such payments may be comm+ngiad by tM Assoctatron vwth my ~
+ other such funds a with rb own funds TM funds an pNdgld u •ddrtrOnil security fe tM sums secured by CMS Metgige and ire subject to use by }
tM Arisopitron M piymMt Of °Nb cMrglt' end biNt t:OlNcttOn charges '
tbl Ap payrMrvts mentaned n tM preceding subttlgton of then pirigriph and NI payments to be midi under tM note secwed hereby sMli tx sdde0
togtther and tM •ggagitl !mount tM?lof ship be pad l/y tM Metgagor rich month +n a s+ngte payment to be atlDlroO br tM Assoc+atan to tM
lollowtrq +bms rn tM edN set forth 1 ?etas, asslssrrrlnts. lrtd mwance pemrums 2 "late charges end bank ceNctan. charges. unless yard m
manner povded m pirigrlph t Ill 3. IntNlst On tM nob allured Mreby 4 Amorttsitan of tM p+ncrpit of slid note
Any detrtienty in tM amarrvt of such lpyregab rrtontNy piymints sMp. uNess pail by tM Metgage prOr to the due date d tM next such payment. con•
shlub in event d default under tM rnortgagl Without waver of aM ^lihr• tM Assotratan may colNct a rate charge as P'owded rn tM Note
g TMt d tM total of tM Dltt'nMtts made dY tM Metgipe under Id of paragraph 4 peledrrq chap exceed tM imoum of Wyments iCtuipy made by tM
Assocatan for uses end asNSinNrtb and utwrancl perttrums. p tM caN may bl. such lacks shall W credited by [M AssOtritron on subsegwnt payments 1
to be made by tM Mortgages. N. ftoaavM. tM nvontNY payminb made by tM Metgage under Ise of paragraph L pecsdrrp shall not have been. wffrtrent to
pay bees irtd •asessrMnls and metlrartll pamiums. as tM use may bl. wMn tM same sell!! OeCWM due end piYibN- then. tM Assoctaflon ntiY~ it rte op-
tan. rmmed+itNy pay such bass and aiseisrMnb lid uestlrsncl premwm. and tM Mortgage shill ply to tM Assoc+itron any amount necessary to mike up
tM def+crencr. end such payment sMM bl dw end payttbN wrthut tMrty 130) daYS iha tM dire of matbrtg of notice by tM Assocratron setting forth tM amount
of such deletrenty It, it any prier. lM Metgoge sMll ter+dlr t0 tM Assoaibon, m sctordanca Nnth the pOwsanS of tM note secWSd hereby. full payment of
tM enhre rndebtadness repesantld Mnpy. tM Assoltatron siveU. M tontputrng tM amount of such indebtedness. cred+t to tM account of tM Mortgage any
balance romirntng m tM funds actumuNted under tM pOVatons of (a) of piggriph ~
6 To permit. commit a whet no waste. inlpiermMt a tNteraratart of sad poptrty. a any part thereof. and upon the fa+lure of the Mortgage to keep tM
bu+idrngs on sad propertry m good COnWtttln W repia end trlirntlrantl. tM Assocratan may demitW pope. marntenartce end the +mmsdNte reply of sad
ttu+ldrngs. a in rnl:reial en tM amount d security. a tM tmmldeab npiymMt of tM debt hereby secured. end tM fa~!c•.: o/ the Mortgagor to comply w+M
sad demand of tM Assoaatan le a period of tMrty 1301 days shill constitute a DraacM of this mortgage. and. st tM opton of the Assocratton. irnmed+ateiy
mature tM sntere amount of prtntpN and interest Mreby sacurld. end tM AtaOtratrOn rmmedtitNy and wrthp;rt nottte may +nsbfute poteedrngs to torecbse
this mortgage end apph for tM app>'rntmMt of a rt)llrver. a: heranahlr povdW. end rn use of tM refusal. neglect or rnabhty of tM Mortgagor to repau and
ma+num sad poperty. tM Astaciatton may. at its option. rtvab such repaus or cause tM same to t/e made. and advance moneys m this berrilt
7 TJ perform, tOnfply with end ibidl by Nlh lid every the i[rpuNtrotvs. igrlemenif. lpndrt+OnS end COYenantf to sa+d prum+StOrr rate and IMS mortgage set
forth
B To comply w+th tM wbdmseort restrrttiorts end tM muntapal ton,ng edutinces ippatcibN to tM metgsged poperty. not to erect a permit to be erected any
new buttdrngs at tM pemrsts Mrlm mortgaged a to add to a plrrrrt to bl added to. mate or perm+t to tta made. any structural .lterauons to any of tM e¦
+snng rmpovements thereon without tM utrtrttM ConsMt of tM Assocritron. end m tM event of any r+ditan or atrompt to vrdate tMse strpuNtrons. o?any of.
them. CMS mortgage and NI sums secured MrlbY shall tmmtl6atNY become due and piyabN st the opton of tM Assoc+adon
g That rn case of a defauh m my of tM btmi Of tM'tartgWl and tM hhrvg of a bill to loracbse tMS a arty other mortgage encumbering tM within described
prpperty. tM Assocritan ship tN MlrtNd t0 apply. at any trfrte Mnthout notice Dend'ng such feecbSUre SUrt. t0 tM Court l+avrrtg lunsdrttrpn thereof for tM ap- }
tlantment of a raterver Of ap std stnguNr tM mortgaged property. end of ill tM rents. +ncomes. pouts. rswes and re+ervues therepf. from whatsoever source t
derived. and. thereupon. h ti Mab1! lapeSily Cpvlninted and spiced tMt tM court sM11 forthwrih appant s receiver of sad mortgaged property. alt aril
s+nguN• and of such rsMS. rntonNS. pofr!s. issues and revenues tlvlreol. from whatsoever source derived. wrtn the uwal powers and dunes of receivers rn Rite =
cases. and such apporntn+em ship W made by such coup M • matter of strict rrpltt to tM Assoc+attor,. end without reference [o tM adequacy or tnadequscy of
the value of the poperty Mreby mortgapW. a to tM sohe+vcy a trtsWvency bf tM Mortgagor. and that wcn rents pouts. +ncomes. +swes and revenues she!!
be applied by such rllerve? to tM payment Of tM metgige irdebbdrNSS. costs end cnirges acceding to iM order of wcn court
10 That m the event tM pemrses Mreby rr+ortgsged. a any part thersol, shat! be cgrtdemncd end taken under the power of er*urMnt dpmim. the Assoc+atart shat!
t+ave.the rght to demand that iN damipes awirdW fe tM takenp of a mlury to sad pemrses shall be paid to the Assoc+anon. +ts successors or ass+gns. up to
- the amOUnl then urtpad On tMS rrrOrtgige. end may be ipphed to a!t1! sums Nst papule hereunder I
1 1 That rime rs of the essence of this contract and that ra waiver of any oblrpat+on hereunder. or of the obl~gat~on se:u+ed hereby. shau at any ume inereafter be
held to be a waiver of the terms hereof or of the pom+ssory mote secured Mreby
12 to the event of any defiutt m any Of tM terms of CMS mortpape. or m tM nob secured hereby and acceterauon by the raider. or any other s+tuatron that would
cause tl+e rnterest pad a WYStIN under this oDlpitton to a:teed tM rnterest rate suthe+zed try Nor. [hen rn wch event an excess rnterest theretofore paid snarl
be credited to p+rtc+pal std at' ieerued and unpad •.tees rnterest shall abate and shall not be art ob!~gat,or• of the maker or of any other perwr•
t 3 That to the a.tent of tM indebtedness of tM Mortpige to tM Assotrstan described Mrem or secured Mretty. the Assoc+stan +s hereby wbrogated to tM 6en
e hens aril to tM rights of tM owner and holder thereof of lath end !wry mortgage. Iren or other encumW ante on tM !and Cescribed htretn, wh+ch +s pad and
sabst+ed. m whole or rn part. out of tM pocNds of tM loan dettcrtbed MrNn or secured Mretlr. and the rlspecLVe I:ens of sail mortgages. bens or otMr en
cumbances. sMp tee. and tM same and each of them Mnby es peslned and shill piss to and be told by the Assoc+atron herern as security fa the rn-
debtedness to tM Assoaatan tlsrlm descrrbld a hereby ricurid. to tM same extent that +t would nave been peserved and would have been passed to and
been held by tM Assxration hid rt been duly and regularly isi'gned. transferred. set over. and deitvered unto the Assocratan by separate deed of ass+gnment
nptw~tnstardrr+g tM tact tMt tM same mlv be taMfad end unceued of record. rt tletrvg the +ntentron of the parries hereto that the same w+tl be sahsf+ed and
cancelled of record by tM holders tMreoi it or about tM bml of tM racordrng of Mrs mortgage
14 chat +f atvy of tM wms of money Mrern afer?ld to bs not prpmptlyr std fully yard wtthm thnty 1301 days r+e:t after tt+e same severalty become due arvd payable
or +f Nch and every [M fbpuNlans. igrNmertts. certd+[+Oni and lpvertinls Ot sad pprrbSSOry" note and Sh+S mortgage or ether, are not duly performed. COm-
Abed with and attrded bY. tM ippregite wm unpid under aid pomtsstxY note ar)d this mortgage snail become due and parable fortnw+th or thereafter, at the
opton of the Assocratton. is fulh end tamdeteH as d aid aggregate wm of money were e,g+naliy supuiated to be paid on such day. anytntng to sa•d
Dromrssey not! a Mrt+n t0 tM contrary nOtwtthstendrnp
15 That +n order to acceiente the maturity of tM indebtedness Mrsby secwed because of the fa+iure of the Mortgagor to pay any ta¦ assess tent +rab•!:q• eD4ga t
torn or encumbrance upon aid poperty as Mretn povded. rt snail not be necessary her requ~s~te trial the assOCraUOn snau urst par the same
16 That the abstract or abstracts of trtN covering tM mortgaged poperty shau at ail bores during the l+re of Mss mortgage remain +n the possession of the ~
t Assoaatron and. m event of tM toreNowre of this mortgage. or otMr trinsrer of t+tN to the mortgaged property. +n e¦t~ngUrsnment of the indebtedness secured
f! rurebr. al! •ght. trtN arW mtl+est of tM Mortgage rn and t0 my such ellstrattS Ot b2re she!! pi55 to the purchaser o: grantee
~ 17 St+outA the vaitWry a hen of this mortgage. a tM note secured thereby. be contested by ht~gat+on or otherwise. the Mortgagor agrees to par to the Assoc~ahon
the cost of tietend+ng the same +ntluderlg a rusonabN itteney s fee
18 To pay all and srrtgular the costs. charges and a:penses. tncludeng at:wnay's tees reasonably ~ncur.ed or paid at any rime ray Me Assocrat+on because o/ the
fa+ture of tM Mortgagor to perform. Comply vnth and sbde br each and every the sbpulabons agreements. cond~trons and covenants of said prom+ssory note
and CMS mortgage. a e+tMr. and every such (except !or the payment of the monthly +nstailment as rtrou+rpd b~ the Pmm:ssnry Note! shat! bear ;nteres! t•e^t
(I date at the rate of eighteen per cent 11f3'!W per annum until fully pad
E 19 The Assocrat+on snap hive tM right it my time and from time to time and without notice to or consent of any persOr+ to 'al re.ease any portion of the pem•ses
9iE from the hen of CMS mongige. (b) rlNasl arty person 4sbte for payment of my mdebtednlSS secured hereby k r !send th! t•me Ot payment or alter the terms
or payment of a!I a aryr part of tM indebtedness. without iffectrrvp a rlbisenp tM personal nabJrty of any person fable !other than am person ro!eased pu+
scant heret0l for the DaY'nent of any sum a mterfat feturad hereby end Witlaut m any w+se altering. viry:ng. Or d,m~msn~ng the for Ces. et}ett5. Or (+en O1 th•s
mortgage m ax rM pemrses rat sprafreslh nNised from tM hen of thei mortgage by tM Assocrarion
t 20 Airy agreement hereahcr mile by Mortgages and Assocatan purwint to tMS mortgage s•'tin ere wperar to the rights of the holder of any rntervenrng lien or
encumbrance
4 21 lrpon request of Mortgagor. tM Aseocritan may. at its sde opton. Iron time to bmt. rte/ore full Daymeni of alt ~ndebtedntss secured Hereby make furt!+er ad
vantes to Mortgagor, provided. however. that tM foul pnntrpai secured Mreby and rematrnng unpaid. rnciud~ng arty such advances. shah not at any ume ea
teed tM orgrnal prnt+pii win secured hereby. Mortgipe sMll ply ill such further advances wrtn rnterest and the same sHal! rte secured he*eby Ali pov:srons
of this mortgage shall apply to each further idvante as weft as to all otMr indebtedness secured Hereby Notn:ng herein contained However. she!! hmrt the
amount secured by this mortgage rf such amount rs intrufed Dy Wvances made by iM Assoc+atar+. as nere~n e!sewnere pov+ded for to protect the security
22 In the event tM Mortgagor herein. a arty wbsequent Mo+tgagor. or arty person o. corporation owning any ~nte•est v.natsOeva, should encu'*i tier the property
herein rrrprtgaged by an instrument commonly referred to and known aS a "wraD~asound mortgage- without first nlt!arn~ng the wn[ien ConYnt of the Assoc+a~
trop. it+en, at the opton of tM Assocutan, tM obiigabon secured by M+s Mortgage she!! immediately hecnmo duv and geriatric -
23 1n povide the Association wren Flood Ifisursnte Coverage rf the rest property rs now or hereafte* determmM to rte nrrtnin a special ftopd nara•d area as snpinn
on Flood Hsrsrd Fioundary MayFbod insurance Rate Map ss published hr the Federal Insurance Admrnrstrat:nn
24 At the request of tM Metpipp, tM Astlocrition sprees to wlrw tM povisrons of paragraph 4 relative to tM crestan of a hazard rnw+ance account. povide0
hrowever. trait chi AaeOCNtiron stains tM npM. It its option. to re-irribb such pov+siets of sa+d paragraph ~ as an oblrgatan of the Mortgagor hMeunder upon i
the happening of any of tM folbwir?p {
F A Farlun to mike lily payrMnt .putrid under tM terms of tM rate on or be{ors the due date tnereot f
5 B Failure to comDlY with tM irtstlrirltl povrisiorts of paragraph 3. a Of irtyr of tM otMr terms end croMitiorts o} this mortgage or Hots. or w+tH the +nwrarxe
§ requiremMti trontairied in tM OeCNritrron Of Condommfum ird rNited documeMa should the mortgaged property be committed to cix+domrmum
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